Emanuel's office said Musk's company will foot the entire bill, meaning there will be no tax burden on Chicago residents. Los Angeles is exploring a 6.5-mile proof-of-concept tunnel and a Phase 2 expansion that would stretch for more than 50 miles along major arteries.
If all goes as it should, Rivkin said, construction work could begin next year with actual service in operation around 2022. USA cities are looking for alternatives to overcrowded highways and impossibly expensive subways.
The low capacity would stem from the small size of the vehicles, which would carry just 16 passengers each.
For the control of the high-volume airport line, The Boring Company beat out a rival bid from joint venture called O'Hare Xpress LLC, made up of Meridiam, Antarctica Capital, Mott MacDonald, First Transit, and JLC Infrastructure, a fund (amazingly) backed by basketball legend Earvin "Magic" Johnson, reports Bloomberg.
A company owned by Elon Musk has been chosen to dig an express route linking Chicago's downtown area to the O'Hare International Airport.
"Given his track record, we are taking his reputation and saying, "This is a guy in two other transportation modes who has not failed". That's what we are doing'". Unlike the Hyperloop, a vacuum-sealed tube being built out by companies such as Virgin Hyperloop One and theoretically capable of speeds up to 600 miles per hour, the Chicago project will be designed with conventional tunnels at much slower speeds.
The skates will leave every 30 seconds and the system will operate 20 hours a day, seven days a week, the company said. The final destination will be at a new $8.5 billion global terminal Emmanuel has announced for O'Hare.
Liverpool meet with Xherdan Shaqiri representatives over possible transfer
That transfer is now off-for now at least-but Shaqiri has been heavily linked to the Reds over the past couple of weeks. Speaking to ESPN, Gab Marcotti said : "I think there is contract negotiation going on [between Roma and Alisson]".
More recently, the Boring Company started to focus on a custom-built electric vehicle to transport pedestrian and cyclist instead of vehicles. This tunnel is now limited to Hawthorne.
Some are skeptical such a project will be built. Exact project costs and construction timelines will be negotiated with the contract.
Last year, mayor Emanuel begged innovators and technologists to submit proposals to help update the city's public transportation system.
The whole setup has provoked skepticism. But insiders say its plan ran into the same problems as the previous Blue Line proposals: cost (likely in the billions of dollars) and the length of time a trip would take. A source told The Chicago Tribune that the target is in the $20 to $25 range.
Boring Company has developed what it says is faster drilling technology that allows it to create tunnels at least 90 percent below the cost of conventional methods.
The project will be funded by the company with no taxpayer subsidies, Collins and the company said.